General information:
The information provided in the object description, prospectus, and other information material is mainly based on information provided by the seller. Some essential information is also obtained from the land registry. These details are only checked by the real estate agent if circumstances warrant it. Buyers/prospective buyers are encouraged to verify this information and other relevant aspects of the property purchase.
Inspection duty, etc:
The starting point for the distribution of responsibility;
According to the Land Code, the property must correspond to what has been agreed upon between the parties and must not deviate from what the buyer could reasonably expect at the time of purchase. Furthermore, it is purchased in the condition it is on the date of the contract, and the buyer, in order to secure themselves, must conduct a thorough inspection of the property. Seller cannot be held responsible for defects or damages that the buyer could have discovered or anticipated due to the age and condition of the property. However, the seller is responsible for hidden defects, i.e., defects in the property that the buyer could not have discovered, regardless of whether the seller was aware of them or not. The seller's responsibility for hidden defects in the property lasts for 10 years.
Buyer's inspection duty:
The starting point is that the buyer must inspect the property, which is known as the buyer's inspection duty. The requirements for the buyer's inspection are extensive. The property must be inspected in all its parts and functions. If possible, the buyer must also inspect attic spaces, crawl spaces, and other inaccessible areas. Special attention should be paid to moisture damage (especially in the basement and attic), rot damage, damage to water and sewage facilities, cracks in the facade and foundation, and chimney stacks. Upon discovering defects or symptoms of defects during the inspection, or if the property is in such a condition that defects can be suspected, the buyer's inspection duty is heightened. The information provided by the seller also affects the extent of the inspection duty. For example, if the seller informs the buyer of a suspected defect, it could serve as a warning signal, prompting a more thorough inspection by the buyer. On the other hand, the buyer should not have to inspect parts of the property for which the seller has made explicit representations or guarantees, provided that these are not general. Finally, the buyer should consider that the seller is not responsible for defects and deficiencies that the buyer should have anticipated given the age, price, condition, and use of the property. Therefore, the buyer should tailor their inspection accordingly. When purchasing a used house, the buyer should consider that certain parts and functions have been subject to wear and tear and may be worn out due to their age, requiring replacement or renovation.
Hiring a surveyor:
The Land Code assumes that the buyer can fulfill their basic inspection duty themselves, and there is no requirement to hire an expert for this. However, most buyers choose to hire a surveyor or other expert, which is recommended if they do not have specific building technical knowledge. The same applies if the buyer has initially inspected the property themselves and discovered symptoms of defects that are difficult to assess. As mentioned above, the buyer must inspect the property in all its parts and functions. Therefore, it is important to pay attention to the scope of a commissioned inspection when hiring an expert. Normally, such an inspection does not cover certain parts of the property, such as electrical installations, water and sewage, flues, etc., so the buyer should consider supplementing their inspection. The Land Code stipulates that the inspection the buyer conducts or commissions should be done before the purchase, i.e., before the purchase contract is signed by the parties. However, there i
2,551.04 Sq Ft
Villa
MLS/Listing ID OBJ13492-2124766886
Listing Courtesy of KNIGHT FRANK
Source of Data: KNIGHT FRANK